Nixon tried the price control trick, and it failed. Prices went up anyway, and a whole lot faster. So when Carter got in, it was really bad and people blamed him, when it was actually Nixon taking us off the gold standard that was the root cause.
Ditto. I remember and experienced. Also. Dic's EPA started the destruction of our private industrial manufacturing capabilities. Returned home after service and the plants were shutting down. Gasoline went from $.29 to $.79. Food prices doubled in a few months.
In 1974, gas where I lived was 52.9. It went down to 47.9 by early 1975, but then started its long steady rise.
I know it was around 60 cents when my father had the local distributor bring a load to his house and filled up a large tank hidden in an outbuilding. He was using 60 cent gas after the price had gone past 80 cents.
In times of inflation, stocking up is better than putting money in the bank.
Nixon tried the price control trick, and it failed. Prices went up anyway, and a whole lot faster. So when Carter got in, it was really bad and people blamed him, when it was actually Nixon taking us off the gold standard that was the root cause.
Ditto. I remember and experienced. Also. Dic's EPA started the destruction of our private industrial manufacturing capabilities. Returned home after service and the plants were shutting down. Gasoline went from $.29 to $.79. Food prices doubled in a few months.
In 1974, gas where I lived was 52.9. It went down to 47.9 by early 1975, but then started its long steady rise.
I know it was around 60 cents when my father had the local distributor bring a load to his house and filled up a large tank hidden in an outbuilding. He was using 60 cent gas after the price had gone past 80 cents.
In times of inflation, stocking up is better than putting money in the bank.